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Updated over 2 years ago on . Most recent reply
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Looking For Limited Partners to Create an 8 Figure Fund
Hello everyone! I hope that whoever is reading this is loving life as much as I am.
I began my company a year and a half ago with $50,000 in credit, and in that short time, have completed 24 deals nationwide. Mostly seven figure. All profitable. All proveable.
My model is pretty standard: Find an outstanding property, structure it creatively with as little risk as possible, negotiate an outstanding price, put a team together, use hard money to cover 85-90% of the purchase price, get an equity partner to cover the cap gap, securitize via deed of trust, stabilize, then exit via refinance or flip.
Easy, right? For a time, perhaps. Unfortunately for me, albeit fortunate for whomever responds to this post, I am now doing deals that require much larger sums of capital in order to close, and believe that my time and energy would be better served by creating my own fund.
I currently have 10 assets, comprised of 105 units, under contract. All of the assets are well below market value, are incredibly located, and have impressive upside.
The total current AS-IS value of this portfolio is just under $14,000,000 as contracted, and all but one of them can be stabilized in under a year. The STABILIZED value of the portfolio is just under $40,000,000.
I have the financing lined up, a concise vision for each project, and outstanding teams of RE professionals to bring each vision to fruition. All that's missing is an investor, or group of investors, to complete the equity portion of the cap stack. I am only interested in working with financially literate private individuals, as I do not have enough time to obtain conventional funding or go through lengthy underwriting and application processes.
The total amount needed to close every asset in this portfolio is $4,000,000. That figure covers down payments, along with capital buffers to keep the assets as secure as possible. Lastly, I am open to offering interested parties either debt OR equity.
Sound too good to be true? Get in touch and I'll send HUDs, detailed financials, references, and anything else requested for your due diligence process. I am also willing to pay a finders fee for any referrals that convert to committed limited partners.
Looking forward to discussing further!
Warmly,
Matthew